Despite the fact that many people make a substantial amount of money, they find themselves living paycheck to paycheck, which eventually lands them in financial trouble. Why, you might ask? Well, it is because a large number of people have really poor financial habits. However, financial troubles don’t just spring up from nowhere – there are always warning signs. Many people tend to ignore these warning signs until it blows up in their faces. In this article, we will be discussing these financial trouble warning signs extensively.
No matter how you fill out your W-4 or how much money you set aside for taxes, you may end up owing the federal or state government. This is tough enough for people that are not enduring financial stress. It is perhaps impossible for people considering bankruptcy. There are many types of debt that you can eliminate through bankruptcy and there are some which you cannot. There is secured debt and unsecured debt. At any rate, debt is debt and it does not go away unless it is dealt with.
There are plenty of reasons why someone could have a low credit score. It seems like it takes a lifetime to raise it because things like age of credit, on-time payments, credit inquiries, and more take a lot of time to fall off or improve your credit report. However, there are some ways to quickly improve your credit score if you take an active role in rehabilitating it. 2020 could be the year you overhaul your credit score